What is Competitor Research? A Complete Guide for Startups?
Every move you make as a startup shapes your destiny in your market. Competitor research is the compass that points you in the right direction and unravels the secrets of your competitive landscape. Surveys and research consistently underscore its significance—87% of successful startups attribute their victories to a keen understanding of competitors. In the first […]
What is the Difference Between Benchmarking and Competitor Research?
Let’s get real here, if you own a business, you want it to succeed. You crave a fresh small win every now and then, a new milestone. You love the progress and love to gain a competitive advantage in your industry. Competitor and benchmarking research improves your offerings in terms of goods, services, workflows, and […]
A Success Guide to Perform Market Research for Your Small Business
Did you know that market research is the secret sauce behind many small business success stories? Understanding your market is not a luxury—it’s a necessity. According to a recent study by Statista, 76% of successful small businesses attribute their achievements to effective market research. In this guide, we embark on an enlightening journey into the […]
Unlocking the Power of Survey Analysis: A Deep Dive into Effective Methods
Survey methodology is a widely utilized data-collection technique. A study examined response-rate data from 1014 surveys that were detailed in 703 publications published in 17 journals between 2010 and 2020. The average response rate increased steadily over time. It was 48% in 2005, 53% in 2010, 56% in 2015, and 68% in 2020. Survey analysis […]
6 Advantages of Data Analytics for Positive Business Outcomes
Welcome to the data-driven age! What’s new, you ask? The secrets to business excellence are hidden within the vast troves of data at our fingertips. Data analytics is a necessity. It turns numbers into narratives, statistics into strategies, and uncertainty into opportunity. In this journey, we unveil six captivating advantages that bring more than just […]
A Comprehensive Guide to Market Trend Analysis
Market trends analysis serves as a compass for your brand. It ensures you stay relevant and competitive. Market analysis in the UAE enables you to predict changes in consumer preferences, upcoming technology, and economic circumstances. It is the secret of growth and adaptation. Data analytics of market trends reveal hidden patterns, anomalies, and insights for […]
The Five Key Importance of Customer Satisfaction Survey
Here’s a fact all brand owners can’t alter customer preferences change as swiftly as the weather! Understanding your customers is like wielding a secret superpower. Customer satisfaction surveys in Dubai are magical crystal balls that reveal exactly what your customers think and feel about your products or services. Customer satisfaction isn’t just a buzzword; it’s […]
Exploring the Fragrance Market: Armani’s Competitor Tracking Case Study
Armani, a renowned name in the world of fragrances, sought to strengthen its Dubai market position by gaining a deeper understanding of its competitors’ activities. By implementing an extensive competitor market tracking strategy, Armani achieved remarkable and unexpected results. This case study delves into how this brand leveraged competitor tracking to achieve a significant market […]
How a UAE Bank Boosted Insurance Sales by 530% with Data Analysis?
Small changes can have a big impact, especially in the dynamic UAE financial industry. The UAE banking industry estimates its market size to be approximately AED 1.5 trillion. Meanwhile, total assets stand at around AED 2.6 trillion. This case study shows how a leading UAE bank with over 1.5 million customers and 5,000 employees used […]
How to Conduct Market Research for a Memorable and Unique Rule of 3 in Your Branding?
Creating a memorable and unique brand identity requires a deep understanding of your market. Market research provides valuable insights into consumer preferences, industry trends, and competitor strategies, helping you make informed decisions to shape your brand. One powerful concept that elevates your branding efforts is the Rule of 3. This principle suggests that people remember […]